Pzena Investment Management LLC Sells 699,463 Shares of Newell Brands Inc. (NASDAQ:NWL)

Pzena Investment Management LLC decreased its holdings in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,096,768 shares of the company's stock after selling 699,463 shares during the quarter. Newell Brands comprises approximately 1.8% of Pzena Investment Management LLC's portfolio, making the stock its 20th biggest holding. Pzena Investment Management LLC owned approximately 13.06% of Newell Brands worth $469,560,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Yousif Capital Management LLC grew its position in Newell Brands by 129.8% during the third quarter. Yousif Capital Management LLC now owns 164,235 shares of the company's stock worth $1,483,000 after buying an additional 92,778 shares in the last quarter. Coldstream Capital Management Inc. increased its position in shares of Newell Brands by 59.3% in the third quarter. Coldstream Capital Management Inc. now owns 17,423 shares of the company's stock worth $157,000 after purchasing an additional 6,487 shares during the last quarter. Principal Financial Group Inc. raised its stake in Newell Brands by 368.3% in the third quarter. Principal Financial Group Inc. now owns 2,026,362 shares of the company's stock valued at $18,298,000 after purchasing an additional 1,593,661 shares in the last quarter. Capula Management Ltd purchased a new position in Newell Brands in the 3rd quarter worth approximately $818,000. Finally, Victory Capital Management Inc. increased its holdings in shares of Newell Brands by 276.6% in the 3rd quarter. Victory Capital Management Inc. now owns 74,642 shares of the company's stock worth $674,000 after buying an additional 54,824 shares during the last quarter. 92.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

NWL has been the subject of a number of recent analyst reports. Raymond James downgraded Newell Brands from an "outperform" rating to a "market perform" rating in a report on Monday, February 12th. Wells Fargo & Company raised their target price on shares of Newell Brands from $7.00 to $8.00 and gave the stock an "equal weight" rating in a research report on Monday, April 29th. Canaccord Genuity Group boosted their price target on shares of Newell Brands from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Monday, April 29th. Barclays raised Newell Brands from an "underweight" rating to an "equal weight" rating and set a $8.00 price objective on the stock in a research report on Tuesday, May 14th. Finally, UBS Group lowered Newell Brands from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $10.00 to $8.50 in a research report on Friday, February 16th. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $8.70.

Newell Brands Trading Down 2.9 %

Shares of NASDAQ:NWL traded down $0.24 during trading hours on Wednesday, hitting $7.98. 3,278,566 shares of the company's stock traded hands, compared to its average volume of 4,853,866. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.15 and a quick ratio of 0.58. The business has a fifty day moving average price of $7.68 and a 200-day moving average price of $7.88. Newell Brands Inc. has a 1 year low of $6.49 and a 1 year high of $11.61. The firm has a market capitalization of $3.31 billion, a P/E ratio of -11.08, a price-to-earnings-growth ratio of 1.53 and a beta of 0.95.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings data on Friday, April 26th. The company reported ($0.07) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.07). The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.64 billion. Newell Brands had a negative net margin of 3.70% and a positive return on equity of 11.21%. The firm's revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.06) EPS. Equities analysts expect that Newell Brands Inc. will post 0.6 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.07 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.28 annualized dividend and a dividend yield of 3.51%. Newell Brands's dividend payout ratio is currently -38.89%.

Newell Brands Company Profile

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.